Veeva Systems Inc (NYSE: VEEV) has a price-to-earnings ratio of 54.27x that is above its average ratio. Additionally, the 36-month beta value for VEEV is 0.83. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 9 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
The public float for VEEV is 147.84M and currently, short sellers hold a 1.33% ratio of that float. The average trading volume of VEEV on December 20, 2024 was 1.05M shares.
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VEEV) stock’s latest price update
The stock price of Veeva Systems Inc (NYSE: VEEV) has dropped by -0.84 compared to previous close of 221.54. Despite this, the company has seen a fall of -5.51% in its stock price over the last five trading days. zacks.com reported 2024-12-17 that VEEV’s robust product portfolio and a slew of strategic deals raise optimism about the stock.
VEEV’s Market Performance
Veeva Systems Inc (VEEV) has seen a -5.51% fall in stock performance for the week, with a 4.66% gain in the past month and a 2.23% surge in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are at 2.93% for VEEV. The simple moving average for the past 20 days is -4.34% for VEEV’s stock, with a 6.11% simple moving average for the past 200 days.
Analysts’ Opinion of VEEV
Many brokerage firms have already submitted their reports for VEEV stocks, with Mizuho repeating the rating for VEEV by listing it as a “Outperform.” The predicted price for VEEV in the upcoming period, according to Mizuho is $275 based on the research report published on December 04, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see VEEV reach a price target of $235. The rating they have provided for VEEV stocks is “Sector Perform” according to the report published on November 19th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to VEEV, setting the target price at $286 in the report published on October 08th of the current year.
VEEV Trading at -1.23% from the 50-Day Moving Average
After a stumble in the market that brought VEEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.16% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +4.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.20% upper at present.
During the last 5 trading sessions, VEEV fell by -5.51%, which changed the moving average for the period of 200-days by -2.18% in comparison to the 20-day moving average, which settled at $229.65. In addition, Veeva Systems Inc saw 14.10% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VEEV starting from Faddis Jonathan, who sale 1,694 shares at the price of $230.30 back on Dec 04 ’24. After this action, Faddis Jonathan now owns 8,061 shares of Veeva Systems Inc, valued at $390,128 using the latest closing price.
Faddis Jonathan, the Officer of Veeva Systems Inc, proposed sale 1,694 shares at $230.30 during a trade that took place back on Dec 04 ’24, which means that Faddis Jonathan is holding shares at $390,128 based on the most recent closing price.
Stock Fundamentals for VEEV
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.74 for the gross margin
The net margin for Veeva Systems Inc stands at 0.25. The total capital return value is set at 0.11. Equity return is now at value 13.48, with 11.40 for asset returns.
Based on Veeva Systems Inc (VEEV), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 15.04.
Currently, EBITDA for the company is 461.96 million with net debt to EBITDA at -1.46. When we switch over and look at the enterprise to sales, we see a ratio of 13.06. The receivables turnover for the company is 8.82for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.36.
Conclusion
In conclusion, Veeva Systems Inc (VEEV) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
